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To: Mark Finger who wrote (11094)6/19/1998 6:18:00 PM
From: Robert Graham  Respond to of 14631
 
Thanks for calling our attention to this. The last time I looked at the Credit Facility requirements, I thought some of the numbers were aggressive too. Interesting that the creditor was willing to "forgive" Informix for not meeting the "new" sales requirements. I do not think this will be allowed to develop into a pattern.

Do you think the 6 cents per share earnings requirement is doable by the end of this quarter? They also need to meet the positive cash flow requirement by the end of this quarter too (excluding forward income "created" from the 1997 restatement). I think this will be one of the more difficult requirements to meet.

Bob Graham



To: Mark Finger who wrote (11094)6/19/1998 10:08:00 PM
From: frank doolittle  Read Replies (1) | Respond to of 14631
 
Mark,
Now explain this to me in terms I can understand. It sounds like to me the company knows it is going to be profitable.